Saudi-backed Yemeni puppet government stole around 2 billion dollars of development aid, UN report shows

Saudi-backed Yemeni puppet government stole around 2 billion dollars of development aid, UN report shows

Southern Yemeni journalist Adel Al-Hassani said on Thursday that a United Nations report has revealed scandalous facts about the practices of higher officials in the Hadi “government” specifically its so-called Prime Minister Maeen Abdul-Malik Saeed.

“The report confirmed the involvement of Maeen Abdul-Malik Saeed in suspicious financial deals, in partnership with the Hayel sons, Al-Karimi and others,” Al-Hasani added.

He noted that financial corruption is raging in all the conflicting forces, and that bigger matters would soon become clear, with the Saudi ambassador also not being far from all this.

The United Nations report revealed large-scale corruption and money laundering caused by the Hadi government, as it robbed around $2 billion that Saudi Arabia deposited in the Central Bank of Yemen in Aden in 2018.

The money was supposed to finance a credit limit to purchase commodities such as rice, sugar, milk and flour in order to enhance food security and to stabilise the the prices of these commodities locally.

The UN investigation revealed that the bank violated the rules of changing currencies, and manipulated the currency market, laundered a large part of the Saudi deposit with a complex scheme for money laundering, earning profits amounting to about $423 million for traders instead.

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